Its ironic Brian and I's backgrounds mirror each other ... other than I am about a decade older LOLWe both have strong North bay Ties..

what are the laws in CO regarding unlicensed wholesalers tying up property advertising it and collecting a fee at closing is that even legal in that state. ???

You have a stronger ability to not allow a court action to pierce the corporate veil. 

The lesson here is that EVERYONE (especially mentors/gurus selling their “expertise”) has investments that do not work out as anticipated, one that actually lose money, and one’s that tie up your capital for long periods of time before you get your capital back.  

Basically a concrete slab with pillars, hurricane tie downs and skirting with axle removed. 

However, keep in mind that tying your primary home to an investment carries inherent risks, especially if the flip doesn't go as planned.

Are you tied specifically to MA or RI? 

You need to minimize upfront expenses because 100% of your investment is at risk and lost if the lot is not buildable.My favorite strategy is to locate the property and tie it up for usually no more than $100 for a period of 8-12 months, analyze it myself and if I believe it to have a chance at being buildable I create a permitting plan and market the property to other investors/builders willing to take on the permitting risk.  

I always lean toward holding onto a property that’s appreciating, especially when it’s tied to such favorable loan terms.

Focus on cards that don’t require a personal guarantee (though some may initially require it until your business credit is stronger).